REMEcoin

REMEcoin is an international startup that offers unlimited cashback, in some instances as high as 100%, for online purchases. As the coin becomes more widespread users will be able to pay with it outside of the platform.

How it works:

REMEcoin is a platform that gives cashback in its cryptocurrency, REME. As a user makes a purchase on the platform or in an affiliated online or offline shop, a cashback is given in the form of small daily payments.

Users can also get paid with REME for writing useful reviews for products they have bought. Users who referred a friend will be getting team bonus payments from all purchases their friend makes.

Another selling point of the platform is that it is a marketplace for products with cashback, from private sellers and companies. This saves a lot of time for users, as the research indicates that today a lot of people search for sales, coupons and cashback opportunities before the purchase.

The advertisers will be interested in REME as it provides the opportunity to attract new customers and disrupt rival brand loyalty with generous offers. Also, the advertising on the platform allows to target users that are searching for the product in real time, which increases the rate of conversion dramatically.

Innovation:

REMEcoin is many things, but innovative it is not. Its business model has stood the test of time, it does no groundbreaking technical advances, and introducing a cryptocurrency as a means of payment on a platform is certainly not a novelty.

It sure does have some great unique selling points, like cashback for offline purchases in the affiliated shops, but these are minor improvements, not a revolution.

Innovation score: Low

Token value:

REMECoin’s selling point is that its value is supported by the platform’s advertisement system. The price is based on the market value of ads on the site, as payments can only be done in REME.

While this does not give any additional benefits to token holders, it ensures REME’s rise in price as the platform grows more and more popular.

Token value score: Medium

White paper:

The project’s white paper is large and conclusive. It provides a market overview, a detailed business model that the project is based on, and talks about the opportunities for the increase of token’s value. It also shows a lot of technical details, like the platform’s architecture.

White paper score: High

Roadmap:

REMEcoin has a small and simple roadmap. The founders have been toying with the idea of a platform like this since 2015, and have been gathering the team in 2016 and 2017.

Pre-launch is planned on the second quarter of 2018, and in the third quarter the team will release a working MVP. In the same time period first REMEcoin cashbacks will be accessible.

Roadmap score: Medium

Business model:

The business model this company uptakes is classic and impressive. The research shows that more than two thirds of consumers would consider changing brads, if presented a coupon, a sale or a cashback. This ensures that both consumers and companies will be interested in using REME platform.

Since REME doesn’t have fees for listing products, most of the revenue comes from the advertising. Considering the fact that the platform tracks users in real time and can provide marketers with the tools necessary to target users that are already looking for the particular product, the estimates of the revenue look great.

Business model score: High

Team:

REME has a strong management team, with years of experience in finance, management and software development behind their backs. There are also 24 lesser members mentioned on the site, but they do not have bios, and some lack LinkedIn profiles. Still, the team as presented on the site, seems competent enough to make this project a success.

Advisory board includes experts in law, e-commerce, conducting ICO and business strategy.

Team score: High

Competitors:

The market is full of old and new companies offering coupons, cashback and the like. Even though REME has all chances for success, it is not going to be easy to compete in this industry.

Competitors score: High

Overall thoughts:

REME is a project with a great and highly profitable business model. It will face a lot of competition, but it has features that many other platforms lack. Given that the team does its best, the platform will grow the user base and REME will raise in price.

Although it will probably not skyrocket, REME is a great investment for those, who want stability and low risk from their portfolio.